I’ve come to the conclusion that the only people ignorant enough to defend Roubini are those who accidentally listened to him during the one brief moment he was right (for all the wrong reasons). If you followed his bearish advice in 2005, you would have either missed the entire rally through 2007, or you would have lost money shorting the market. If you would have followed his advice starting on March 9, 2009, you would have lost a ton of money. We should also note that Roubini said Oil would stay below $40 a barrel for all of 2009. Ouch.

Anyway, once again, science and facts prove that there are many “gurus” on TV telling the investing public how to invest, yet they cannot beat an ETF.